Which of these phrases best describes the business cycle?
The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line
A recurring cycle of booms and busts, recoveries and recessions
A system of managing the economy by increasing or decreasing the supply of money
A system of managing the economy by increasing or decreasing federal expenditures
Q.2.
Which of the following is NOT true about enterprise systems?
The software is expressly built to allow companies to mimic their unique business practices
The software includes analytical tools to evaluate overall organization performance
They help firms respond rapidly to customer requests for info or products
The data have standardized definitions and formats that are accepted by the entire organization
Q.3.
A trough in the business cycle occurs when
economy is transitioning from a period of decline to a period of expansion
economy is transitioning from a period of expansion to a period of contraction
economy is transitioning from a period of expansion to a period of decline
None of the above
Q.4.
Examples of networking in business.
Online/social media networks
Community service clubs
Strong contact networks
All of the above
Q.5.
A low trough is indicative of
the start of a depression
the end of a recession
a serious depression
a growing recession
Q.6.
How many steps are in the system development life cycle?
3
4
5
6
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